Augmentum Fintech plc - £2.6 million investment into LoopFX
£2.6 million investment into LoopFX
LoopFX ( www.theloopfx.com ) is the new independent venue for large spot FX trades with a unique matching solution for market participants. LoopFX enables traders to match, in real-time, with other asset managers and banks without information leakage and at a mid-market rate, reducing trading costs and improving best execution processes.
This investment will allow LoopFX to accelerate its growth as it continues to build this new protocol in FX.
We believe LoopFX offers a text-book example of a fintech operating in the capital markets in partnership with blue chip financial institutions. LoopFX brings efficiencies in trading and price discovery to the FX market, which in turn will help market participants comply with best execution requirements."
Enquiries
Augmentum Fintech +44 (0)20 3961 5420Tim Levene (Portfolio Manager) martha@augmentum.vcMartha Horrox (Marketing and IR) Quill PR +44 (0)20 7466 5050Nick Croysdill ,Sarah Gibbons-Cook augmentum@quillpr.com (Press and Media)Peel Hunt LLP Liz Yong ,Huw Jeremy +44 (0)20 7418 8900 (Investment Banking)Singer Capital Markets Robert Peel ,James Fischer +44 (0)20 7496 3000 (Investment Banking)Frostrow Capital LLP +44 (0)20 3709 8733Paul Griggs (Company Secretary)
About
About LoopFX
LoopFX's board is Chaired by
International, of Merrill Lynch; and includes
The executive team is led by Blair Hawthorne Founder and CEO, a career FX Dealer most recently at abrdn.